Question

Same as simple The simple Interest of F 14000 in 6 years at 7% per annum will be Interest on 29 400 at 5% par annum in
years,​

Answer 1

Answer:

Same as simple The simple Interest of F 14000 in 6 years at 7% per annum will be Interest on 29 400 at 5% par annum in

years,

Answer 2

A = P (1+rt)

P = Principal Amount

R = Rate of interest

t = Number of years

A = Total accrued amount (Both principal and the interest)

Interest = A – P.

Let’s understand the workings of the simple interest calculator with an example. The principal amount is Rs 10,000, the rate of interest is 10% and the number of years is six. You can calculate the simple interest as:

A = 10,000 (1+0.1*6) = Rs 16,000.

Interest = A – P = 16000 – 10000 = Rs 6,000.